$IMSR

Roth Capital Partners Initiates Terrestrial Energy at Buy

Ameresco Chosen for US Army Power Projects; Terrestrial Energy to Supply Reactor Technology

Ameresco (AMRC) and Terrestrial Energy (IMSR) said Monday the US Army selected Ameresco to enter exclusive negotiations for long-term leases for energy facilities at military bases in Maryland and New Jersey.The planned installations at Aberdeen Proving Ground and Picatinny Arsenal will supply commercial electricity to regional power grids while supporting the bases' missions during qualifying utility outages, the companies said.Ameresco plans to pair Terrestrial Energy's 390-megawatt electric molten salt reactor technology with natural gas power at the Maryland location, they said.The companies also said the private partners will fund, design, build, operate, secure, and decommission the facilities under the arrangement.Shares of Ameresco were up 2%, while Terrestrial Energy gained 8% in Monday trading.Price: $24.20, Change: $+0.45, Percent Change: +1.89%

Terrestrial Energy Signs Zachry Group for Engineering, Licensing Work in Texas

Terrestrial Energy (IMSR) signed an agreement with engineering-services provider Zachry Group for project support at the Texas A&M-RELLIS campus in Bryan, Texas, the companies said Tuesday,Work under the agreement has begun, backing Terrestrial's licensing activities at the site. Financial terms weren't disclosed.Price: $4.91, Change: $-0.20, Percent Change: -3.93%

Sector Update: Energy Stocks Fall Wednesday Afternoon

Energy stocks were lower Wednesday afternoon, with the NYSE Energy Sector Index falling 3.8% and the State Street Energy Select Sector SPDR ETF (XLE) dropping 4.2%.The Philadelphia Oil Service Sector Index was shedding 1.6%, and the Dow Jones US Utilities Index was down 1.2%.The White House is of the view that an agreement with Tehran -- a one-page memorandum of understanding to end the war and set a framework for more detailed nuclear negotiations -- is close, Axios reported, citing two US officials and two other sources briefed on the issue. Washington's MoU, if Iran accepts it, will lead to a gradual reopening of the Strait of Hormuz and lifting of the American blockade on Iranian ports, a person familiar with the matter told Bloomberg.Front-month West Texas Intermediate crude oil sank 7% to $95.14 a barrel, and the global benchmark Brent crude contract slumped 7.4% to $101.72 a barrel. Henry Hub natural gas futures fell 2.5% to $2.72 per 1 million BTU.US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 7.5 million barrels in the week ended May 1 following a decrease of 13.4 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks decreased by 2.3 million barrels after a 6.2-million-barrel drop in the previous week, compared with the 3.4-million-barrel decrease expected in a survey compiled by Bloomberg.In sector news, Triton Uranium is considering a US listing through a merger with a special purpose acquisition company in 2026, its president Scott Evans told Reuters, as the company seeks to tap rising demand for nuclear fuel and bolster domestic supply. The Canada-based company has begun development work at its Atlas Project in Uranium City, Saskatchewan, where it controls about 46,742 acres of mineral claims, the report said.In corporate news, Equinor (EQNR) shares fell past 8% after the firm reported Q1 revenue that decreased year on year and missed analysts' estimates.Vermilion Energy (VET) reported a Q1 loss Wednesday of 0.95 Canadian dollar ($0.70) per diluted share, swinging from earnings of CA$0.10 a year earlier. Its shares dropped over 12%.Nano Nuclear Energy (NNE) said Wednesday it has signed a memorandum of understanding with Super Micro Computer (SMCI) to explore the integration of Nano's energy systems with Supermicro's AI server and data center platforms. Nano shares surged 22%.Terrestrial Energy (IMSR) and Riot Platforms (RIOT) said Wednesday they are collaborating to develop a pairing of planned data centers with co-located nuclear plants. Terrestrial shares jumped past 16%.